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Investment & Market Trends

Monee Launches SFinancing-i For All Shopee Users

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Monee Capital Malaysia Sdn. Bhd. (Monee) today announced the official public launch of SFinancing-i, a Shariah-compliant digital financing solution now available to all Shopee users* in Malaysia. Designed to offer greater financial flexibility, SFinancing-i provides users with convenient access to instant cash financing directly through the Shopee app. With financing of up to RM20,000 and flexible payment tenures of up to 24 months, SFinancing-i aims to support users’ personal financial needs through a seamless and fully digital experience. Approved users can instantly withdraw funds to their bank account or ShopeePay wallet, with no income documents or activation fees required. In conjunction with the launch, users who activate and make their first financing request can enjoy a special 1% monthly profit rate* promotion for payment tenures of up to 24 months. Powered by Monee Capital Malaysia in collaboration with Sedania As Salam Capital, and certified by Masryef Advisory, SFinancing-i is built on the Shariah principle of Commodity Murabahah (Tawarruq), offering users a transparent and accessible financing solution that aligns with Islamic financing principles. Key features of SFinancing-i include: ● Financing limit up to RM20,000● Flexible payment tenures of up to 24 months● Instant cash withdrawal to bank accounts or ShopeePay wallets● 1% monthly profit rate for the first financing request● Fully digital application process with no income documents required● Zero activation fees Eligible users can activate SFinancing-i directly through the “Me” tab on the Shopee app. The service is available to eligible Malaysian citizens and permanent residents aged 18 years old and above. For users seeking higher financing amounts, Monee also offers SFinancing-i Xtra, a term financing facility that provides eligible users** with financing of up to RM50,000 and profit rates from as low as 0.75% per month.

Energy & Technology

Cahya Suria Services, Suzhou EnnoTHING Partner For NexQuantum AI Digital Park In Perak

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Duli Yang Amat Mulia Raja Iskandar Dzurkarnain ibni Almarhum Sultan Idris A’fifullah Shah, Raja Di-Hilir Perak Darul Ridzuan, today graced the NexQuantum AI Digital Park Strategic Partnership Ceremony attended by YAB Dato’ Saarani bin Mohamad, Menteri Besar Perak and representatives from the Perak state development ecosystem, international technology partners, business leaders, investors, consultants and local stakeholders. NexQuantum AI Digital Park is envisioned as a long-term digital infrastructure platform comprising eight proposed data centre facilities, with NQ1 planned as the first flagship development.  Cahya Suria Services Sdn Bhd and Suzhou EnnoTHING Technology Co., Ltd. today formalised a strategic partnership through NexQuantum 1 Sdn Bhd to advance the development of NexQuantum AI Digital Park, a future-ready digital infrastructure platform in Perak designed to support Perak’s digital ambitions, accelerate Malaysia’s digital transformation and, progressively serve the wider ASEAN and Greater Asian digital economy. Marked by the NexQuantum AI Digital Park Strategic Partnership Ceremony in Ipoh, the collaboration brings together Malaysian project development capability and international technology exposure to establish a high-value digital ecosystem focused on AI-ready infrastructure, cloud services, intelligent operations, sustainability, talent development and regional digital connectivity in which positioning Perak as an emerging digital pathway capable of supporting digital growth across Malaysia, ASEAN and broader Greater Asian Region. The ceremony was graced by the presence of Duli Yang Amat Mulia Raja Iskandar Dzurkarnain ibni Almarhum Sultan Idris A’fifullah Shah, Raja Di-Hilir Perak Darul Ridzuan, attended by YAB Dato’ Saarani bin Mohamad, Menteri Besar Perak and representatives from the Perak state development ecosystem, international technology partners, business leaders, investors, consultants and local stakeholders. Under the wider masterplan, NexQuantum AI Digital Park is envisioned as a long-term digital infrastructure platform comprising eight proposed data centre facilities, with NQ1 planned as the first flagship development. NQ1 is proposed as a 32MW, fully AI-ready Tier III data centre equipped with liquid cooling technology, representing an estimated RM1 billion investment in Perak. The project is intended to support next-generation digital demand, including AI computing, high-performance computing, secure data infrastructure, cloud services, cybersecurity and enterprise digital applications. A Strategic Platform for Perak and the RegionThe partnership through NexQuantum 1 Sdn Bhd combines the local development strengths of Cahya Suria Services Sdn Bhd with the international technology capabilities of Suzhou EnnoTHING Technology Co., Ltd. Cahya Suria Services contributes local development execution, stakeholder coordination, project origination and familiarity with the Malaysian operating landscape. Suzhou EnnoTHING brings technology exposure linked to the broader Foxconn Ennoconn ecosystem, including expertise across smart manufacturing, industrial internet technologies, AI infrastructure, automation, cloud and edge computing, intelligent monitoring and digital industrial systems. Together, the parties aim to position NexQuantum AI Digital Park not simply as a property development, but as a digitally enabled platform capable of supporting future AI, cloud and industrial technology requirements across Perak, Malaysia and progressively, the wider ASEAN and Greater Asian region. Supporting the Aspirations of Perak Sejahtera 2030The strategic partnership is aligned with the aspirations of Perak Sejahtera 2030, Perak’s long-term development agenda, which seeks to build a more progressive, competitive, inclusive and sustainable state through quality investment, future-ready infrastructure, talent development, innovation, responsible development and broader economic opportunity for the Rakyat. NexQuantum AI Digital Park is expected to support these aspirations by contributing to:• digital infrastructure and AI readiness;• local SME and vendor participation;• skilled employment and technical career pathways;• collaboration with universities and TVET institutions;• sustainable, technology-led investment; and• Perak’s emergence as a credible digital economy location. “NexQuantum AI Digital Park is not intended to be merely a local development or a single data centre project. Our ambition is to build a Perak-born digital infrastructure platform that is connected to Malaysia and positioned to serve the wider Greater Asian digital economy,” said Mr Ong Teng Boon, representing Cahya Suria Services Sdn Bhd and NexQuantum 1 Sdn Bhd. Mr Ong added that through NexQuantum 1 Sdn Bhd, this strategic partnership brings together local execution capability and international technology exposure. “We believe this creates a strong foundation for a project that is AI-ready, sustainable and aligned with Perak’s long-term economic transformation.” On alignment with the state agenda, Mr Ong said, “We support the aspirations of Perak Sejahtera 2030 by helping to attract high-quality investment, encourage local vendor participation, support talent development and contribute to a more progressive, competitive and future-ready Perak.” Duli Yang Amat Mulia Raja Iskandar Dzurkarnain ibni Almarhum Sultan Idris A’fifullah Shah, Raja Di-Hilir Perak Darul Ridzuan takes a moment to engage with two humanoids at the Strategic Partnership Ceremony of NexQuantum AI Digital Park, today. A powerful testament to the State’s commitment to innovation and the digital frontier. NexQuantum AI Digital Park is envisioned as a long-term digital infrastructure platform comprising eight proposed data centre facilities, with NQ1 planned as the first flagship development.  “Our collaboration through NexQuantum 1 Sdn Bhd reflects a serious long-term commitment to building a technology-enabled digital infrastructure platform in Perak. We see strong value in combining local development strengths with international technology capability to support the next generation of AI infrastructure,” said Mr Liu Huoping, representing Suzhou EnnoTHING Technology Co., Ltd. Mr Liu added that NQ1, as a planned 32MW fully AI-ready Tier III data centre with liquid cooling technology, will serve as an important first step under the broader NexQuantum AI Digital Park vision. “We believe it can become a meaningful platform for advanced computing, cloud services and future regional digital demand.” On the broader ecosystem, he added, “Through this partnership, we hope to contribute not only technology exposure and systems experience, but also ecosystem connectivity that can help position Perak more strongly within the regional digital economy.” Mr Aven Lou, who is leading the Foxconn Ennoconn team said, “NexQuantum AI Digital Park has the potential to evolve into a smart, AI-ready, sustainable and regionally relevant digital infrastructure platform. With the right long-term planning and ecosystem support, it can become an important bridge between local ambition and international technology opportunity.” Datuk Redza Rafiq Abdul Razak, representing PKNPk and the state development ecosystem said, “Perak welcomes serious and responsible investors who

Lifestyle

Canon Launches The EOS R6 V With First-Ever L-Series Power Zoom Lens

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EOS R6 V with RF20-50mm f/4L IS USM PZ. Canon Marketing Malaysia (“Canon”) today announced a new content creation kit comprising the EOS R6 V, a new full-frame camera, and the accompanying RF20-50mm f/4L IS USM PZ, a first-ever full-frame professional-grade L-series lens that comes with a built-in power zoom. The EOS R6 V possesses the powerful stills and video performance of the EOS R6 Mark III in a body that has been optimised for video content creation. The upgrades include a built-in cooling fan and a social media content-friendly vertical tripod socket. Its full-frame CMOS sensor, with up to 32.5 effective megapixels and 7K Open Gate recording, allows users to utilise the full field of view of ultra-wide-angle lenses, opening different possibilities. The RF20-50mm f/4L IS USM PZ pairs effortlessly with the EOS R6 V, giving you a compact, travel-friendly setup that doesn’t compromise on versatility. The 20–50mm zoom range covers everything from wide environmental shots to tighter conversational framing, while the built-in Power Zoom keeps transitions smooth and cinematic. With a constant f/4 aperture throughout, you get consistent, reliable exposure even as you zoom. “Today’s creators work across various platforms and formats. The EOS R6 V and RF20-50mm f/4L IS USM PZ are built to deliver the performance and ease creators need to create confidently, whether for professional productions or everyday content. This is part of Canon’s ongoing commitment to innovation and ‘Delighting You Always’,” said Edward Chang, Head of Image Communication Business Division, Canon Marketing Malaysia. More Platforms, Less SweatThe EOS R6 V features 7K Open Gate RAW/MP4 shooting, which records video via the entire sensor area. With this, the new camera offers creators more flexibility over what goes into the frame when repurposing horizontal content into a vertical format. Users achieve more creative control without having to do multiple shoots. The EOS R6 V’s built-in cooling fan also allows users to record in 7K Open Gate MP4 for approximately three times longer when compared to the EOS R6 Mark III. This makes the EOS R6 V ideal for long interviews, live events, or long single takes. The EOS R6 V is built natively for vertical content. A dedicated vertical tripod socket delivers direct, stable mounting without the need for an extra bracket, while the UI automatically reorientates to match, keeping the shooting experience seamless from start to finish. Its linear design with minimal protrusions also integrates cleanly with rigs, attachments and accessories. Make Your Videos DynamicBoth the EOS R6 V and RF20-50mm f/4L IS USM PZ are compact and lightweight, making them easy to use while on the move. With built-in image stabilisation, they are also easy to use handheld or on a gimbal and rig. The EOS R6 V’s built-in five-axis sensor-shift image stabilisation system (In-Body IS) and Digital Movie IS coordinate with the RF20-50mm f/4L IS USM PZ’s Optical IS to stabilise footage shot on the go. The setup also supports the Subject Tracking IS mode, which accounts for the subject position during stabilisation. The EOS R6 V retains a large, ergonomic grip that offers comfort and a stable hold during handheld shooting. The RF20-50mm f/4L IS USM PZ’s 20mm wide-end is ideal for stunning, and perspective-rich establishment shots. These can show plenty of context, including stunning interior scenes. Additionally, its 50mm long end offers a 0.24m minimum focusing distance that captures close-up shots with a natural perspective. Users can make use of the zoom ring or the EOS R6 V’s zoom lever to zoom seamlessly from one end to the other in one smooth take. They can also vary the degree of ring/lever movement to alternate between two zoom speeds. Fast and slow zooming are configurable up to 15 levels each. A new zoom mode selector switch enables switching between power zooming and the familiar manual zoom operations found on conventional zoom lenses. The lens barrel length does not change when zooming, so support systems will not require rebalancing. Superior StillsWhen placed in stills mode, the EOS R6 V shares the powerful performance of the EOS R6 Mark III and EOS C50. The high-resolution 32.5-megapixel full-frame sensor captures excellent detail and dynamic range, with ample allowance to crop in closer or produce 300 dpi A3-sized prints comfortably. The RF20-50mm f/4L IS USM PZ’s professional-grade optics are specially designed to combat distortion, chromatic aberration, flare and ghosting, thus ensuring high image quality. The EOS R6 V’s electronic shutter supports up to 40 fps continuous shooting and pre-shooting, with identical autofocus features and capabilities as the EOS R6 Mark III. The In-Body IS achieves a stabilisation effect of up to 7.5 stops at the centre and 7.0 stops at the image edges when shooting stills. The RF20-50mm f/4L IS USM PZ performs extremely well when shooting in low light, with its built-in Optical IS correcting camera shake by up to 6 stops’ equivalent. When mounted on an EOS R series camera with In-Body IS, it achieves an effect of up to 8.0 stops at the centre and 8.0 stops at the edges. Capture Yourself EffortlesslyThe EOS R6 V and RF20-50mm f/4L IS USM PZ allow creators to film themselves easily. The former has a front recording button and tally lamp that lights up when recording is in progress, and the latter’s zoom ring is easily accessible from the front. Users requiring remote camera and zoom control can achieve them via the Camera Connect app. Another alternative that users can consider is the new Wireless Remote Controller BR-E2, which allows for creative camera placement. The Bluetooth-connected Wireless Remote Controller BR-E2 offers users greater control over both still and video shooting functions compared to its predecessor (Wireless Remote Shutter BR-E1), including a dedicated movie shooting button and assignable functions. It comes included with the new Tripod Grip HG-200TBR, a portable tripod grip that can function as a desktop tripod and a selfie stick. Powerful and Cost-Efficient DuoThe EOS R6 V and RF20-50mm f/4L IS USM PZ integrate many of Canon’s powerful features, making them an excellent,

Events

Affin Bank Rolls Out ‘Kita Bomba’ Debit Mastercard

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AFFIN Group (“AFFIN” or “the Group”) launched the AFFIN ‘KITA BOMBA’ Debit Mastercard, an exclusive card created to honour members of the Fire and Rescue Department of Malaysia, retired fire and rescue personnel, and their eligible family members. The launch was held on 9 May 2026 at Angsana Johor Bahru Mall in conjunction with the Karnival Sambutan Hari Anggota Bomba Sedunia 2026, and was officiated by YB Tuan Nga Kor Ming, Minister of Housing and Local Government Malaysia. The AFFIN ‘KITA BOMBA’ Debit Mastercard reflects the Group’s continued focus on developing progressive and innovative banking offerings that connect financial solutions with everyday lifestyle needs. The card is designed to be relevant to how customers live, transact and engage, while offering access to banking convenience and lifestyle privileges, including: • Lifetime Annual Debit Card Fee Waiver.• Seamless Digital Banking – fully integrated with AffinAlwaysX Mobile Banking Application (“app”), offering real-time transaction tracking, instant alerts, and smart spending tools to keep customers in control anytime, anywhere.• Lifestyle Privileges – access to travel, hotel and loyalty rewards. The card design features an artistic interpretation of an emergency response helicopter, inspired by the Fire and Rescue Department of Malaysia’s air rescue and emergency response capabilities. The design reflects the courage, readiness and professionalism of Malaysia’s fire and rescue personnel, while honouring their service and commitment to protecting communities across the nation. Datuk Wan Razly Abdullah, President & Group Chief Executive Officer of AFFIN Group, said, “We are proud to launch the AFFIN ‘KITA BOMBA’ Debit Mastercard, created exclusively for Malaysia’s fire and rescue community. This card reflects AFFIN’s commitment to delivering personalised, segment-focused banking experiences that are more relevant and closely connected to the communities we serve.” He added, “As customer expectations continue to evolve, AFFIN is focused on building innovative offerings that connect financial solutions with everyday lifestyle. The Group is expanding its reach across wider communities and states to meet the dynamic needs of customers, while advancing the AFFIN Axelerate 2028 Plan, anchored on Unrivalled Customer Service, Digital Leadership and Responsible Banking with Impact.” The AFFIN ‘KITA BOMBA’ Debit Mastercard forms part of the Group’s expanding, differentiated card portfolio, designed to reflect the identity, lifestyle, and aspirations of diverse customer segments. The portfolio includes state- and community-centric cards, such as the AFFIN Selangor Visa Debit Card, AFFIN Kinabalu Visa Debit Card, AFFIN Kenyalang Visa Debit Card, and AFFIN Borneo Credit Card, as well as dedicated cards for institutional and uniformed personnel, including the AFFIN LTAT Affiliate Debit Mastercard, with further additions in the pipeline. The launch further strengthens AFFIN’s ongoing engagement with the fire and rescue community, following the Group’s contribution of van jenazah in support of their welfare needs. Reinforcing this commitment on the ground, AFFIN participated as a Strategic Partner in the Karnival Sambutan Hari Anggota Bomba Sedunia 2026. This presence provided a valuable platform for the Group to engage directly with fire and rescue personnel, their families, and the wider community. The Group also wishes to congratulate YBhg. Datuk Wan Razly Abdullah on the conferment of Pangkat Penguasa Kanan Bomba (Kehormat) on 28 April 2026, marking a milestone in the deepening relationship between AFFIN Group and the Fire and Rescue Department of Malaysia. For more information or to apply for the AFFIN ‘KITA BOMBA’ Debit Mastercard, please visit www.affinalways.com or any AFFIN branch nationwide.

ESG

Maxim E-hailing Malaysia Supports Legal And Transparent E-Hailing Industry

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More than 50% of Maxim E-hailing Malaysia’s total operational expenses have been allocated towards initiatives supporting the legalisation of drivers and compliance with local e-hailing regulations, reflecting the company’s ongoing commitment to building a transparent and fully compliant industry ecosystem. As part of these efforts, Maxim has introduced various initiatives aimed at reducing the financial and administrative burden faced by driver-partners when entering the legal e-hailing market. One of the company’s key investments includes compensation and support related to the Public Service Vehicle (PSV) licence requirements. Through this initiative, Maxim helps drivers ease the cost of obtaining the necessary certification, enabling more individuals to participate legally in the growing gig economy sector. In addition, Maxim has also invested in providing assistance for drivers to obtain their E-Hailing Vehicle Permit (EVP). To streamline the process, the company established a dedicated internal support structure to guide drivers through the required documentation and procedures. As a result, the average legalisation process for drivers can now be completed within just two to three days. “When you know your work is properly supported, you feel more confident and take your responsibilities more seriously,” said Mr. Gilang, Maxim’s full-time driver. Maxim’s continuous efforts to encourage legal participation in the e-hailing industry have also contributed to a steady increase in new driver registrations. Every month, more Malaysians are choosing to generate income through e-hailing services while complying with industry regulations. In March alone, the number of new drivers joining Maxim increased by 28% compared to February. According to Mohd Hazwan Musley, Director of Maxim E-hailing Malaysia, the company remains committed to creating sustainable earning opportunities while ensuring full compliance with Malaysian transport regulations. “At Maxim E-hailing Malaysia, we are committed to building a safe, transparent, and fully legal e-hailing ecosystem in Malaysia. We continuously invest in driver legalisation processes, including PSV-related assistance, EVP application support, safety training for drivers, and awareness initiatives to help drivers enter the industry more easily and operate in compliance with existing regulations. Our focus is not only on improving mobility services, but also on creating sustainable earning opportunities for local communities while maintaining high standards of safety and service quality,” he said. The company also continuously monitors driver compliance, including the validity of licences and permits, to ensure all active driver-partners meet the necessary legal requirements. Maxim’s investments in legalisation support and driver compliance initiatives are part of its broader commitment to promoting transparency, strengthening the e-hailing industry, and contributing to the development of legal employment opportunities within Malaysia’s gig economy.

Property

SSBB Secures RM47.5 Million Data Centre Job

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Integrated engineering specialist providing construction management services, mechanical and electrical (“M&E”), and specialised engineering consultancy services, Southern Score Builders Berhad (“SSBB” or the “Group”) (聚宝建设), through its 51%-owned subsidiary, SJEE Engineering Sdn. Bhd. (“SJEE”), has accepted a letter of award from a local construction company to undertake a subcontract project more particularly described as “Supply, Installation, Testing & Commissioning of Electrical, ELV, Telco & Security Works” for a data centre project at a total subcontract sum of RM47.5 million (“Contract”). The Contract is expected to be completed by March 2027, contributing positively to the Group’s earnings from FY26 onwards until its completion. Executive Director and Chief Executive Officer of SSBB, Mr. Gan Yee Hin (颜宇恒) said, “Fresh from securing our largest-ever M&E contract, we are pleased to receive the continued trust of a returning client with this latest data centre job. This is a further testament to the depth of relationships and quality of execution that our M&E division has established over the years, reinforcing SJEE’s healthy customer base and strong standing in the high-tech and data centre space.” “This win brings our total contract value secured in FY26 to RM456.1 million, providing the Group with clear earnings visibility for the coming years. Meanwhile, our team remains actively focused on capitalising on the ample opportunities in the data centre sector, where the tender pipeline continues to be exciting. At the same time, we have been channelling more resources to strengthen and grow the M&E team and will continue to scale up to support the division’s continued growth.”

Investment & Market Trends

Court Rejects Bursa Case Against MAA In KNM Asset Sale Dispute

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The High Court has dismissed Bursa Malaysia Securities Bhd’s case against MAA Group Berhad over alleged breaches of listing rules in relation to the shareholder approval process for the sale of KNM Group Bhd’s German assets. In its ruling, the court held that MAA should not automatically be treated as a listed issuer subject to full listing obligations simply because it convened an extraordinary general meeting (EGM) for KNM shareholders under the Companies Act 2016. The court also found that any procedural irregularity, if present, could be rectified and there was insufficient evidence of substantial injustice. Written grounds for the decision will be issued later. The case, heard on May 14, 2026, was linked to an EGM initiated by MAA as KNM’s largest shareholder to approve the proposed disposal of Deutsche KNM GmbH, despite objections from Bursa. Other defendants included KNM Group Bhd, CIMSEC Nominees (Tempatan) Sdn Bhd, and KNM Process Systems Sdn Bhd. Bursa had sought to halt the EGM until full compliance with the Main Market Listing Requirements was met. The suit was filed on Oct 28, 2025, ahead of the originally scheduled Oct 30, 2025 meeting. MAA, led by Tunku Datuk Yaacob Khyra, holds a 19.37% stake in KNM. MAA said the High Court dismissed the case with no order as to costs, while Bursa may still appeal the decision within 30 days. The ruling comes amid KNM Group Bhd’s broader legal and restructuring challenges following the collapse of its €270 million deal to sell its German unit, Deutsche KNM GmbH, to Japan’s NGK Insulators. KNM is seeking damages including RM363 million for loss of market value after delisting, €46.5 million in German bank exposures, and RM42.69 million in costs. KNM, which was classified as a Practice Note 17 (PN17) company, had been trying to complete the disposal of its German assets, Borsig, which it acquired in 2008 for €350 million. The sale was part of its plan to reduce debt and exit PN17 status, with expected debt reduction of about RM1.3 billion and working capital gains of around RM100 million. However, Bursa rejected KNM’s restructuring plan in October 2025, saying it failed to demonstrate long-term viability and did not adequately address its financial issues. KNM later withdrew its appeal and proceeded with delisting in November 2025 after Bursa warned against holding the vote without complying with listing rules. The EGM was eventually adjourned to a date after delisting took effect.

Investment & Market Trends

MADANI Govt To Offer Over RM5b In Microfinancing Facilities In 2026

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The MADANI government will provide more than RM5 billion in microfinancing facilities in 2026, aimed at benefiting over 400,000 micro-entrepreneurs nationwide through loans of up to RM100,000. The Ministry of Finance (MOF) said in a statement that the financing will be channelled through various agencies and development financial institutions, including Amanah Ikhtiar Malaysia, Bank Simpanan Nasional, TEKUN Nasional, Majlis Amanah Rakyat, Agrobank, and Bank Rakyat. Some schemes will offer financing rates as low as 3% per annum. Prime Minister Datuk Seri Anwar Ibrahim, who is also Finance Minister, said relevant agencies have been instructed to step up outreach efforts to ensure wider access, especially for small traders, hawkers, and micro-entrepreneurs facing capital constraints. He said application processes must be simplified and financing conditions kept fair and accessible, in line with the principles of the MADANI Economy, which emphasises compassion, justice, and equality. He added that the initiative targets groups such as small traders, night market vendors, women, youth, gig workers, TVET graduates, small contractors, padi farmers, and asnaf communities. He clarified that the microfinancing facilities are separate from other SME support schemes, including the RM5 billion SME Special Relief Facility under Bank Negara Malaysia and the RM5 billion guarantee scheme under Syarikat Jaminan Pembiayaan Perniagaan. In total, more than RM15 billion in financing support has been made available to MSMEs this year.

News

Gas Malaysia Teams Up With Tokyo Gas, VTTI B.V. On Regasification Terminal

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Gas Malaysia Berhad has signed a joint development agreement (JDA) with Tokyo Gas Co., Ltd. and VTTI B.V. to develop a liquefied natural gas (LNG) regasification terminal in Yan, Kedah. In a Bursa Malaysia filing, the company said the project has an estimated development cost of RM72 million, with Gas Malaysia holding a 70% stake worth about RM49.8 million. The partnership combines technical, operational, and infrastructure expertise across the LNG value chain to improve project execution, commercial readiness, and long-term viability. The agreement also sets out a governance framework for the development phase, leading towards a final investment decision after all technical, commercial, regulatory, and financial assessments are completed. The project is expected to enhance Malaysia’s energy security by diversifying LNG import infrastructure and reducing reliance on existing entry points in Peninsular Malaysia, while supporting industrial and power sector demand in the northern region. It is also seen as part of Gas Malaysia Berhad’s strategy to tap long-term growth opportunities under Malaysia’s evolving energy transition agenda.

Property

ALP Taiwan Opens RM500m Smart Cold Chain Hub In Shah Alam

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Ally Logistic Property (ALP), a Taiwan-based logistics and property developer, has launched its first purpose-built smart cold chain facility in Malaysia and its second OMEGA project in the Klang Valley, with an investment of about RM500 million. The facility, known as OMEGA 2 Shah Alam, is located on a 3.64-hectare site in Selangor and is expected to be completed by the second quarter of 2028. ALP said the project will be Malaysia’s first developer-built multi-storey automated storage and retrieval system (AS/RS) cold chain facility, offering about 5.36 hectares of built-up space and more than 30,000 pallet positions. The development will operate on a multi-tenant model, allowing multiple supply chains to share infrastructure, reduce duplication of logistics assets, and lower overall energy consumption. It will also function as a multi-temperature logistics hub, integrating ambient, chilled, and frozen storage zones to serve industries such as food and beverage, pharmaceuticals, retail, and e-commerce. ALP said the project comes amid rising demand for modern cold chain infrastructure in Malaysia, where automated and purpose-built facilities remain limited despite rapid industry growth. The company added that the facility is expected to improve energy efficiency, resource use, and operational performance, aligning with Malaysia’s National Energy Transition Roadmap (NETR) and the New Industrial Master Plan (NIMP) 2030. Bryan Yeo, managing director of Ally Logistic Property Malaysia, said cold chain logistics is becoming increasingly important across sectors such as food distribution, pharmaceuticals, retail, and e-commerce. He added that Malaysia’s cold chain infrastructure market is still underdeveloped in terms of automation, scalability, and energy efficiency. He said OMEGA 2 Shah Alam is designed to address these gaps by offering a smarter and more sustainable logistics solution, while also supporting Malaysia’s broader goal of becoming a high-income, technology-driven economy.

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